Open a Bank Account In Colombia | Mistakes To Avoid! | Real Talk Ep.23
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- เผยแพร่เมื่อ 31 ก.ค. 2019
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How easy is it to open a bank account in Colombia? Is a passport enough to open the account?
There are a lot of misinformation about opening a bank account in Colombia. We repeat it a lot but it's so important to keep that in mind, NEVER TRUST JUST ONE SOURCE OF INFORMATION!
Especially here in Colombia where 1 + 1 can equal 3! Always try to get different opinions, inputs, sources in general before making your mind up.
I saw a lot of Facebook posts about opening a bank account. Some say it's not possible without a Cedula (Colombian ID) and others say it is. What is the truth?
The truth is, it is actually possible to open a bank account it just depends on many different factors if it's going to succeed for you or not.
Those factors can be such as:
- Is your Spanish sufficient to do it alone?
- Are you friendly enough?
- What's your clerks mood ?
- In which area of the city are you trying to open the bank account?
And so on, there are a lot of things you can't even know about or change. Somethings are just based on luck in Colombia. It's a cultural thing you have to get used to when you plan to live here long-term.
There are some tips I can share with you in order to make the chance as high as possible to get a Colombian bank account.
Keep watching the full video in order to get all the important information.
Don't hesitate to contact us with any Expat questions you might have. No matter if you've got questions about Medellin, Bogota, Santa Marta or Colombia in general. We would love to support you on your journey.
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ABOUT THIS CHANNEL
This Channel's missions is to help and educate Expats, soon to be Expats and travelers.
In order to simplify their Expat and travel journey abroad.
We provide information, especially for Latin America.
Are you planning to visit or even relocate to Panama, Colombia or Ecuador?
No matter where in Latin America you'd like to relocate to, we'll provide you with all the needed information you need, in order to get around safely and to settle down.
#HowToExpat #ColombianBankAccount #RealTalk
We show you the real Medellin from an Expat perspective!
💡 Sneak Peek Services 💡 www.how-to-expat.com/medellin-sneak-peek-services/
Thank you!! Love this kind of real-life info! Thanks for posting!
Thanks Benjamin for the nice comment :D
Good practical information. Thanks!
Most countries don’t have a credit score system, it’s a very American thing credit score.
Thanks for the video, great information.
Thanks, yes that's right :D
With a Migrante Cedula I was denied at Bancolombia and Banco Bogota. Unreal, the takeaway is the employees are unsure of rules during the account opening process for foreigners.
Sam and Tacha are great!
Yes I ALWAYS give Your Video's THUMPS UP's : )
Great topic to tackle.....
Also if you have an account with BBVA, there are plenty of branches here. I actually opened one here and they use your passport to verify if you're a US citizen because it's connected to your social security card. BBVA is also located in certain parts of Europe. A lot of people go to Bancolombia because it's the most popular, but the largest bank is BBVA. Just another option consider if you're coming here for an extended time or planning on relocating here. Good video Sam and I've ran into problems with Bancolombia which pushed me to consider BBVA.
Thanks for the info Eletise :D
@@HowToExpat we're all here to help each other.
Great stuff. You should do one on where to get the best exchange rates.
good idea. Thanks :D
Thanks!
That is Awesome
Thanks
Can I use may Paypal debit card in colombia in stores and get cash from an ATM or will I need a bank for cash?
What branch did you go to to open the account that worked for you.
Does Pereira have Bancolombia? Or does Pereira have their own bank🤔Great informative video btw, I definitely subbed and appreciate the awesome content you provide us. Awesome work 👍.
Thanks a lot. Bancolombia is spread thought Colombia. In Pereira I would also open a Bancolombia account. The comment I made is that I'm not sure which are the most popular banks in let's say Bogota or Cartagena. Because it makes it easier to have a bank account with the most popular bank in the region. :D
For americans is quite plausible to be required a w-9 or w-8 form depending on the income source to open a bank account. Specially for business purposes.
Credit score system does exist, (2 american companies keep the score here) but banks don't give out loans easily. And most probably require for the individual to be a customer for over 12 months.
There is a tax treaty between colombia and the US and some european countries too.
Edit: you do NOT need to be citizen or have an expat cedula. Ask at least 3 times for details in the same bank in 3 different branches.
I have a BancoColombia bank account. I still do not have my cedula but when I opened it, I had a fiador help me and got it done very easily. I do agree it depends on where you open it and who you speak with. I transfer money from my United States bank into to my bank here, I use Remitly, and with my debit card I go grocery shopping, but for everything else, I go to the ATM for my regular spending money. Credit is not very common here as almost everyone uses his debit card or cash.
They told me that I need to be a citizen, so i had to apply for a citizenship in Colombia but I was in the city of Cali trying to buy a house so I don't know if that makes a difference or not
I have heard that BBVA only requires a passport
Is it possible for a us citizen, married to a Colombian citizen to get a cedula ID?
Yes, they can get the marriage visa. It's a simple process usually. More here www.how-to-expat.com/post/visa-requirements-colombia/ and here www.how-to-expat.com/post/updates-on-the-visa-process-colombia/
What's it like marriage to a Columbia woman ????
Colombia **@@johnesmer5635
haha i just Open one yesterday. crazy
How did it go?
@@HowToExpat easy to sign up. but hard to register online. kind of confusing. i had to go back to the bank and it turns out i had 3 failed attempts. I have a CC btw
@@AscendedWarriors ah ok. Thanks for the info
Sam is handsome!
you must be Swiss too according to your accent ;)
lol, yes I am from Switzerland. According to your name, you're Swiss too.
I was denied with a cedula... wanted proof of support. ☹️
Try another branch. Really depends with whom you are talking. If you want help, you can contact us, we surely are able to help.
How To Expat my lawyer says try another branch too... same sort of thing at Immigration... get the wrong person and you get trouble... the right person... 😜
@@courtenaymckee7491 haha yes all about contacts here in Colombia :D
También asesoráis españoles que quieran irse a vivir a Medellín!?
Si claro, nos mandas un correo a contact@how-to-expat.com con tus preguntas :D
Man your all over the place ..first half video was nothing in it ..
Please stay in your own country, USA is big country move around, you dont have to learn another language, you are with your own people.
But tell me how you really feel? 🤣
It's not a nationalist of racist thing! It's for the fun of traveling and knowing the World and also living more affordable as it is getting expenssive to live in the USA! There is no racist philosophy in tropical Latin American countries. We don't have that complex!
Unless your a native american you more than likely are NOT with your “people”